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Veritas Prep
When sold at a 40% discount, a sweater nets the merchant a 20% profit on the wholesale cost at which he initially purchased the item. By what % is the sweater marked up from wholesale at its normal retail price?
A. 20%
B. 40%
C. 50%
D. 80%
E. 100%
OA E
When sold at a 40% discount, a sweater nets the merchant a 20% profit on the wholesale cost at which he initially purchased the item. By what % is the sweater marked up from wholesale at its normal retail price?
A. 20%
B. 40%
C. 50%
D. 80%
E. 100%
OA E
